Twin Vee PowerCats Q2 EPS $(0.14) Down From $(0.08) YoY, Sales $8.13M Down From $8.52M YoY
Portfolio Pulse from mahesh@benzinga.com
Twin Vee PowerCats (NASDAQ:VEEE) reported a 75% increase in quarterly losses to $(0.14) per share from $(0.08) per share YoY. Sales also decreased by 4.64% to $8.13 million from $8.52 million YoY.
August 14, 2023 | 12:30 pm
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NEGATIVE IMPACT
Twin Vee PowerCats reported a significant increase in losses and a decrease in sales YoY. This could negatively impact the company's stock price.
The company reported a 75% increase in losses and a 4.64% decrease in sales YoY. This indicates a negative financial performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100